Net Zero Transition > Power/Electrification > California LCFS notches record 459k credit deficit in Q1 2020

California LCFS notches record 459k credit deficit in Q1 2020

Published 22:37 on July 31, 2020 / Last updated at 23:44 on July 31, 2020 / / Americas (US & Canada), Net Zero Transition (Power/Electrification, Transport & Heating Fuels)

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California transportation sector entities posted a Low Carbon Fuel Standard (LCFS) credit deficit of nearly 459,000 tonnes during the first quarter of 2020, with a more stringent GHG reduction target and lower biofuel credit generation unable to overcome a drop in gasoline and diesel usage during the COVID-19 pandemic, state data showed Friday.
California transportation sector entities posted a Low Carbon Fuel Standard (LCFS) credit deficit of nearly 459,000 tonnes during the first quarter of 2020, with a more stringent GHG reduction target and lower biofuel credit generation unable to overcome a drop in gasoline and diesel usage during the COVID-19 pandemic, state data showed Friday.


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